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EFES NEWSLETTER - DECEMBER 2018
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European
Conference
European Parliament - Brussels
6 February 2019 - 9:00 -12:00
Employee Share Ownership - The European Policy
"Employee
share ownership for all" - this is the goal of the European
Policy for 30 years. Today we are 10 million employee
shareholders in Europe. However we would be six times
more to be comparable with the USA. A European Action
Plan was requested by the European Council in 2000,
announced by the Commission in 2002, prepared by a Pilot
Project in 2014 , the need was reaffirmed through the
European Parliament's Resolution of 23 November 2018.
It has now to be put in place.
Please
use this button for pre-registration. Given the limited
number of places and for security reasons, the conference
will be only by invitation.
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Call from European startups |
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European
tech startups are asking politicians to reform
employee stock ownership rules to help them better compete
with Silicon Valley peers in hiring.
Europe
could be the world’s most entrepreneurial continent.
But
policies that currently govern employee ownership across
Europe are often archaic and highly ineffective.
“Some
are so punishing that they put our startups at a major
disadvantage"...
More information
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Press
review
We have a selection of 26 remarkable articles in 8 countries
in November 2018: France, Germany, Ireland, Italy, Spain,
Switzerland, UK, USA.
France: Employees will hold 30% of Siaci Group. Employees
are the second largest shareholder of Gymglish. New employee
share plans for Cap Gemini, for Worldline, for Atos. 63% of
French startups have employee share ownership plans. 66% of
employees of all French workers cooperatives hold shares of
the company they work for.
Germany: Call for renewed incentive legislation to
promote employee share ownership in Germany. A recent study
by the Deutsches Aktieninstitut shows that employee
share plans can lead to significant yield advantages for employees
and society.
Ireland: Fears Irish employee share ownership sector
could be hit post-Brexit. Talking about how employee ownership
is a business model that must be supported and championed
for tomorrow's Irish economy.
Italy: Strong employee shareholders association for
Banca San Marino.
Spain: Katealegaia is one of the few large "sociedades
laborales" in Spain.
Switzerland: Call for employee share ownership in startups.
UK: John Lewis Partnership will look for a new boss.
Wallace & Gromit will turn to employee ownership. European
tech startups asking politicians to reform employee stock
ownership rules. At $49 billion company Essilor, employees
are the largest shareholders.
USA: ESOP companies outperform similar conventional
firms on just about every meaningful economic standard, including
those relating to salary, benefits and job security. Why leading
American investment fund KKR promotes employee share ownership
at its portfolio companies.
The full press review is available
on:
http://www.efesonline.org/PRESS
REVIEW/2018/November.htm
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A
political roadmap for employee ownership in Europe
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